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20121222
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Search Results 0 to 9 of about 10 (some duplicates have been removed)
to be leader nancy pelosi because she may have to deliver some democratic votes to get something done. >> reporter: absolutely. pelosi and mcconnell are really going to sort of step into the center stage at this point in time. they are going to be crucial as well as, of course, house speaker john boehner, but really there's going to be a lot of focus right now on the senate because, as you remember, house speaker john boehner tried to get his own bill passed through the house. that didn't happen. he didn't have enough votes, so essentially everything shifts right now to the senate. so harry reid, mitch mcconnell, nancy please elosi on the house to say here are the number of democrats i could get if you offer a compromise package. but this is really a tough situation because there's so little time left and we've already seen the markets impacted by this. so if we do go over the cliff, if you look at the polls, most americans saying republicans will bear the brunt. they will blame republicans, but the bottom line is the president will get a lot of blame as well because this is going to
hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq has also moved to the downside by half a percent as we speak. the s&p 500, as we speak, folks, is now down for the fifth straight day. i think it's down about 1.3% over the course of this week. so far let's see what happens over the last crucial hour of this trading day. >> so the clock is ticking. all eyes are on the white house. we've got i'm an javers there in washington as we wait for the white puff of smoke to come
effort the hail hary pass was the house of representatives saying fine let's take nancy pelosi and chuck schumer's bill that they proposed this summer to extend the tax rates on every household and every small business a million dollars and below, allow them to go up on the million dollars and above which is the current law on january 1, let's do that. that ought to be something we can agree on. let me add this. when we he voted on our bill in the house this summer it was a clean extension which was an extension for are everyone in america not only did every republican vote for that but 19 democrats did as well. so this is why it is so frustrating for those in the house is that now we are close to the cliff. >> greta: and frustrating -- >> and we can't even get a single democrat to join with us. >> greta: if you think you are frustrated try the american people as they watch what is going on. congressman, thank you, sir. good luck, sir. >> call the senate and get them to act. we can't negotiate with nothing. >> greta: i don't think they would listen to me. thank you, congressman. straight
think nancy pelosi actually comes out of this with a little bit more leverage, because it's clear that any deal that gets done is going to need democratic support. and as we know, she has been a far more effective leader than john boehner has. >> sure. moments ago, the president and his family left for hawaii on board air force one. what does this look like to the american people? i know the senate is gone and the house is gone. here goes the president to hawaii. i mean, where is the sense of urgency here? and i blame all lawmakers for this. >> i agree with you, ed. i mean, i think the optics of this is really disturbing. if you are sitting at home, and you're telling yourself, okay, i'm not quite sure what is going to happen with my tax rates and for next year. so how much am i going to spend now on christmas? how much am i getting back? those kinds of questions, that kind of uncertainty, what is going to happen with payroll taxes, what is going to happen with unemployment. and you see everybody kind of just leaving town, great that they're willing to come back next week, but you
their chosen leader, this time nancy pelosi. it's usually pro forma, but this time it has a real weight to it, because one of the reasons we're in this situation right now is because we're waiting for john boehner to be reelected to speaker of the house before they make a move, because only if 16 or 17 republicans don't vote for the guy, he could lose. they just want to wait. >> that's, i think, a point we've all been missing here is that after plan b's gone down, there seems to be some thinking, especially in boehner land, that we don't want our fingerprints on anything that could lead to some sort of conservative ensue su sure. >> it would be very embarra embarrassing. republicans voting for someone else or abstaining, they would have to probably shut the whole house down, have a whole meeting, drum up the votes. it would be very embarrassing and i think you're also seeing it on the senate side, mitch mcconnell is thinking, senate minority leader, if john boehner doesn't want his fingerprints on something, why do i want my fingerprints on it, i'm up for reelection in 2014. >> the amazing su
that is a benefits cut. they say they will primary any democrats who vote for it. they said if nancy pelosi votes for it, they will not offer for our support if she tries to run for the minority leader of the democrats. host: speaking of the leadership situation, talk to me a little bit about the lead -- allegiances in the house, punching in among the republicans. do the republicans favor the leadership of eric cantor more than the leadership of john boehner and? will this cost john boehner his -- more than the leadership of john boehner? will this cost john brennan his speakership? guest: boehner said the members were not angry with him. they were not showing dissatisfaction with him. one of the other things about that was that standing next to him at the press conference was eric cantor. that was a clear sign that these guys are tied together and eric cantor is not ready to unseat john brennan. there was a lot of symbolism in that press conference. -- ready to unseat john boehner. if he goes back and stars to negotiate with president obama and tries to bring back the deal at this conference can
. he is followed by nancy pelosi and other democratic leaders. >> the house did not take up the tax bill last night because we did not have the votes to pass. it is not the outcome that i wanted. was the will of the house. unless the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in 10 days. the house has already passed bills addressing the fiscal cliff. we passed a bill replacing the president's sequestered with irresponsible spending cuts. we did that last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january 1, and we did that august 1. and we proposed plans over and over again that democrats used to support but now will not. i do not want taxes to go up, republican do not want texas to go up. but we only when the house. democrats continued to run washington. what the president has proposed so far simply will not do anything to solve our spending problems. he wants more spending and more tax hikes that will hurt our economy. and he simply will no
Search Results 0 to 9 of about 10 (some duplicates have been removed)